Cathay Pacific Airways (OTCMKTS:CPCAY) has been downgraded from Hold to Underperform in a statement by Jefferies earlier today.
- Updated: October 13, 2016
Jefferies has downgraded Cathay Pacific Airways (OTCMKTS:CPCAY) from Hold to Underperform in a statement released on Thursday October 13, 2016.
Having a price of $6.65, Cathay Pacific Airways (OTCMKTS:CPCAY) traded -2.26% lower on the day. With the last stock price down -15.90% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Cathay Pacific Airways has recorded a 50-day average of $7.15 and a two hundred day average of $7.73. Volume of trade was down over the average, with 436 shares of CPCAY changing hands under the typical 8,652
With a market capitalization of $0, Cathay Pacific Airways has 52 week low of $6.50 and a 52 week high of $10.12 with a PE ratio of 9.03 .
Brief Synopsis On Cathay Pacific Airways (OTCMKTS:CPCAY)
Cathay Pacific Airways Limited is a Hong Kong-based investment holding company principally engaged in airline and related businesses. The Company operates through two segments. The Airline segment is engaged in passenger transport and cargo transport. The Non-airline segment is engaged in the provision of catering, ground handling and aircraft ramp handling services, as well as cargo terminals operation. The Company operates businesses in countries in Asia, Europe and North America.
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